The short version
- TRUMP coin trades at $1.66, 97.7% below its $73.43 record, and its top 185 holders are racing for seats at a third holder dinner with Trump at Trump National on November 22.
- The dinner pump is gone: the first two events lifted TRUMP 44% and 32% on announcement day, this one 0.3%, and the coin is down 19% since the race opened while about 1 million wallets sit on $3.81 billion in losses.
- The crew is watching the November 12 leaderboard snapshot, support at $1.62, and whether the White House answers eight senators who want an unredacted guest list.
TRUMP coin buyers were promised history in January 2025. Twenty-one months later, the token trades at $1.66, 97.7% below its $73.43 record, and the prize for the biggest holders is another dinner with the president.
The third holder event is set for November 22 at Trump National, the president’s golf club outside Washington. Eight senators want to know who gets in, a million wallets are underwater, and this time the announcement didn’t move the price at all. So what is on offer, and why has the dinner trick stopped working?
The TRUMP memecoin’s official account announced the gala on October 1:
NEW: The top $TRUMP Coin holders will have a GALA DINNER WITH PRESIDENT TRUMP & 3 SUPERSTARS on Nov 22nd at the BEAUTIFUL Trump National Club in Washington, D.C. It will be a night to remember! Thank You! And Have Fun!
Click Here For Details:
gettrumpmemes.com/gala-dinner
What Do TRUMP Coin Holders Get This Time?
A seat for the top 185 wallets, a VIP reception with Trump for the top 29, and an 18-carat gold watch for the top four. The official gala page lays out the rules.
Rank is a time-weighted score: the more TRUMP a wallet holds, and the longer it holds it, the higher it climbs. The scoring window opened on September 30 and the final snapshot is November 12 at 1 PM Eastern. VIPs who drop below their snapshot balance before the dinner still attend but can lose the bonuses, and the gold watches need at least 1,000,000 TRUMP, about $1.66 million at today’s price.
The page says twice that there will be “no private meetings with The President.” It promises a speech by Trump and “3 Legends” who haven’t been named yet. It is also no longer a one-off. The same Coin Club ran an F1 weekend in Singapore on October 9 to 11 and lists a Super Bowl trip in Los Angeles next February, and F1 guests carry 10% of their score into the dinner race.
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Why Did the Dinner Pump Stop Working?
Because the market has seen how it ends. The first two events pumped the coin on the way in and dropped it on the night.
- April 23, 2025: the first dinner was announced and TRUMP closed the day up 44%, from $9.23 to $13.29.
- May 23, 2025: the day after that dinner, it fell 15% to $12.54.
- March 13, 2026: as the Mar-a-Lago gala promotion went live, TRUMP closed up 32% at $3.86.
- April 25, 2026: on the day of the gala, it fell 11% to $2.57.
- October 1, 2026: the third dinner was announced and TRUMP closed up 0.3%.
Since that last post, TRUMP has lost 19% while the race for seats runs. A time-weighted leaderboard rewards wallets that bought early and sat still, so a whale who wants a seat has every reason to buy early and quietly. The rest of the market has every reason to sell into them.
Who Has Lost Money on TRUMP Coin?
About two in three buyers. Blockchain data firm Nansen counted 988,905 wallets that had lost money on TRUMP by the end of June, $3.81 billion in all, realized and on paper. The New York Times published those figures in July.
The other side of the trade is smaller in number but just as big in dollars. Nansen found 492,285 wallets in profit for a combined $4.04 billion, mostly early buyers. Trump’s own financial disclosure for 2025 lists about $635 million in royalties from a licensing deal with an entity called Celebration Coins.
Supply is the other weight on the price. Per the coin’s own site, 80% of the 1 billion tokens belong to CIC Digital, a Trump Organization affiliate, and Fight Fight Fight LLC, released over three years from January 2025. CoinGecko counts 281.9 million in circulation today, so most of the supply has yet to hit the market, and the schedule runs into early 2028.
On-chain tracker Lookonchain says some are already being sold. In August, it flagged wallets it ties to the team pulling $3.39 million in USDC from liquidity pools in 10 hours, during the coin’s spike to $3.68:
The #Trump team is selling $TRUMP by adding and removing liquidity.
Over the past 10 hours, they have received 3.39M $USDC from selling $TRUMP.
solscan.io/account/BDNBtN…
DISCOVER: Crypto Market Cap and Supply Explained
What Are Senators Asking About the TRUMP Dinner?
Who is coming, and what Trump earns. On October 22, eight Democratic senators led by Adam Schiff wrote to White House chief of staff Susie Wiles with eight demands. They include how attendees will be vetted for conflicts of interest and a full, unredacted guest list with corporate and foreign ties within 10 days of the gala.
The letter points to “a high degree of foreign participation.” A CBS News investigation found that about half of the top 100 TRUMP holders trade on exchanges that bar US users.
It is the third formal push in three months:
- August 3: Senators Elizabeth Warren and Richard Blumenthal asked SEC Chair Paul Atkins to examine whether TRUMP fits the pattern of a “soft rug pull,” where insiders drain value slowly while the community stays engaged.
- October 21: watchdog group CREW reported that the Secret Service says it has “no responsive records” on how guests at the April Mar-a-Lago gala were screened.
- October 22: the Schiff letter to the White House.
The SEC said in February 2025 that most memecoins are not securities, which leaves it little room to act. The White House referred questions on the August letter to the Trump Organization, and none of the letters has had a public answer.
TRUMP Price Analysis: Can TRUMP Coin Hold $1.62?
It is sitting on it now. The TRUMP price is $1.66 at the time of writing, a few cents above Saturday’s low of $1.62, and below both its 50-day EMA at $1.91 and its 200-day at $2.39.
- The ceiling: $1.92. Wednesday’s high, right at the 50-day EMA.
- The floor: $1.62. Saturday’s low, the lowest price since the scoring window opened.
- The last line: $1.36. The all-time low from August 13.
In the bull case, seat buyers step in before the November 12 snapshot and TRUMP reclaims $1.92. In the base case, it drifts between $1.62 and $1.92 into the snapshot. In the bear case, a daily close under $1.62 opens the way to $1.36. At both earlier events, the heaviest selling came on the night itself.
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The dinner is four weeks away and the snapshot is in 18 days. The crew is watching two things: whether the leaderboard brings real buyers at all this time, and whether the White House answers the senators before the guests sit down.
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